USD/JPY

USD/JPY fell from 108.97 to 108.66 overnight as positive trade deal headlines flowed through the news wires and helped US stocks eke out further gains. USD/JPY is expected to find support at 108.57 and a fall through could take it to the support level of 108.44. On the other side, resistance stands at 108.83 and a rise through could take it to the level of 109.00.

USDJPY_06_12_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 108.23 108.44 108.58 108.79 108.93 109.14 109.27
1 WEEK 107.82 108.22 108.87 109.27 109.92 110.32 110.97
1 MONTH 106.58 107.23 108.37 109.02 110.16 110.81 111.95
 

EURUSD

EUR/USD is holding onto gains around 1.11 amid optimism around Sino-American trade talks. German industrial output has badly disappointed with -1.7% in October. US Non-Farm Payrolls are set to show an increase of 180,000 jobs. EUR/USD is expected to find support at 1.1091 and a fall through could take it further to the support level of 1.1078. On the other side, resistance stands at 1.1115 and a rise through could take it to the next resistance level of 1.1126.

EURUSD_06_12_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.1057 1.1068 1.1086 1.1097 1.1115 1.1126 1.1144
1 WEEK 1.0935 1.0958 1.0988 1.1011 1.1041 1.1064 1.1094
1 MONTH 1.0743 1.0862 1.0939 1.1058 1.1135 1.1254 1.1331
 

GBPUSD

GBP/USD is trading around 1.3150, holding onto gains as PM Johnson's Conservatives enjoy a comfortable lead. The PM will debate opposition leader Jeremy Corbyn late in the day. GBP/USD is expected to find support at 1.3124 and a fall through could take it to the next support level of 1.3102. On the other side, resistance stands at 1.3192 and a rise through could take it to the next resistance level of 1.3205.

GBPUSD_06_12_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1.3058 1.3081 1.3119 1.3143 1.3181 1.3205 1.3242
1 WEEK 1.2732 1.2779 1.2857 1.2904 1.2982 1.3029 1.3107
1 MONTH 1.2590 1.2679 1.2807 1.2896 1.3034 1.3113 1.3241
 

GOLD

Gold prices again step back from 200-bar Simple Moving Average (SMA) while declining to $1,472.30 in Friday’s European session. The yellow metal also follows a one-month-old rising channel formation. Gold is expected to find support at 1,469.20 and a fall through could take it to the support level of 1,466.40. On the other side, resistance stands at 1,476.50, and a rise through could take it to the level of 1,479.50.

GOLD_06_12_19

 

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
1 DAY 1470.05 1474.05 1477.55 1481.55 1485.05 1489.05 1492.55
1 WEEK 1445.60 1451.10 1461.90 1467.40 1478.20 1483.70 1494.50
1 MONTH 1370.04 1411.57 1442.14 1483.67 1514.24 1555.77 1586.34